LONG-TERM CARE INSURANCE
LONG-TERM CARE INSURANCE for active LAPRA members
Long-term care is the type of care received by someone who needs assistance
performing basic Activities of Daily Living (ADLs) or needs assistance because
of severe cognitive impairment. Long-term care insurance helps pay for the care
you need when you can no longer care for yourself and can help protect your
family's financial future.
But if you think long-term care insurance is something only for the golden
years, think again. With 37 percent of long-term care services being used by
people under 651, it's easy to see why people should consider it
sooner. Need another reason? The younger you are when you buy long-term care
insurance, the less expensive it is.
Core LTC Benefits
Effective July 1, 2012, active LAPRA members are automatically enrolled in the Core LTC benefit which provides a $1,500 monthly benefit for facility or home care up to two years, after a 90-day elimination period with no inflation protection. The Core LTC benefit is paid 100 percent by LAPRA.
Optional Buy-up LTC Benefits
Because there is no one size fits all when it comes to LTC insurance, you have the opportunity to make personalized benefit selections in three key areas:
- Monthly benefit amount: You can choose between $1,500 and $8,500 in $1,000 increments.
- Benefit duration: You can choose 2 years, 5 years or lifetime.
- Inflation protection: You can choose no inflation, 5% simple inflation (monthly benefit amount increases each year on the coverage effective date by using 5% of your original monthly benefit amount) or 5% compound inflation (monthly benefit amount increases each year on your monthly benefit amount in effect on that date).
Coverage for Eligible Family Members
Planning ahead for the possibility of needing long-term care makes sense. If you wait until you or a family member needs long-term care, options may be limited. If your family members are approved for coverage by Unum, they can benefit from the protection and peace of mind that long-term care insurance can provide. Your eligible family members include your spouse or registered domestic partner, children, parents, parents-in-law, grandparents and siblings.
Call Unum at 800-227-4165 to talk to a representative by phone to answer your long-term care insurance questions or to request applications or forms for yourself or eligible family members who wish to apply for LTC insurance. Representatives are available Monday - Friday from 5:00 a.m. to 5:00 p.m. PST.
NOTE: Premium rates are guaranteed for three years (July 1, 2012 - June 30, 2015). Premiums cannot be increased because of any change in the age or health of the persons covered under the policy. Unum reserves the right to change the premium rates after the initial guarantee period. Any increases in premium rates must be approved by the State.
1. Kaiser Commission on Medicaid and the uninsured, July 2006, with data from CMS National Health Accounts, 2006.